Summary

The global microgrid controller market size is estimated to be USD 4.2Billion in 2022 and is projected to reach USD 11.5 Billion by 2027, at a CAGR of 22.3% during the forecast period. There is an increasing global demand for reliable and secure power supply. Widespread industrialization and urbanisation are fuelling the demand for energy storage systems. Government initiatives to reduce carbon footprint; the convergence of IoT enhancing microgrid connectivity; and the advantages of cheap and clean energy storage are the major driving factors for the global microgrid controller market.

“Grid connected segment of microgrid controller market expected to grow at a higher CAGR during the forecast period”

During the forecast period, grid-connected microgrids will lead the microgrid controller market. Expansion of utility grid transmission lines and surge in use of renewable power sources are some of the major factors contributing towards the growth of this segment. Grid-connected microgrids usually have higher reliability than remote/island microgrids; they can produce power within their distribution circuits as well as import it from utility sources. Grid-connected microgrids enable renewable energy generation without expensive grid reinforcements. They improve the efficiency and resiliency of the power generated and reduce carbon footprints.


“Software segment likely to witness higher growth between 2022 and 2027”

Microgrid controller software segment is expected to witness fastest growth by 2027. Microgrid software is mainly used for modelling variable sources of energy, such as solar and wind, with variable thermal loads. Software such as supervisory control and data acquisition (SCADA), energy management, generator and load management, and system reconfiguration software are used in microgrids to allow the simulation and optimization of resources. Highly specialised software’s are used by microgrid designers to model the technical performance of microgrids. These software helps in simplify technical and economic factors involved in a microgrid project and compare the cost and feasibility of different configurations of hardware.

“Military is the third largest end-use application due to wide use of microgrids for energy security and resiliency”
Microgrids are used in the military sector to ensure an uninterrupted electricity supply in military establishments and bases in case of main grid outages. Several military microgrid projects are being carried out globally in collaboration with well-established companies such as General Electric, Lockheed Martin, Boeing, and Honeywell International Inc., as well as small specialties technology firms such as Spirae and Power Analytics. Microgrids provide the ultimate emergency backup power source and can function independently from the grid, enhancing the physical security and cybersecurity of a nation’s military bases.
Energy resilience and security are the main concerns of military establishments because military forces of different countries are increasingly using microgrids, which generate electricity from renewable energy sources. For instance, in February 2019, Schneider Electric expanded its microgrid project at Marine Corps Air Station (MCAS), Miramar, Goa (India), to boost the grid resilience of this facility.


“US likely to dominate the overall microgrid market in the Americas region between 2022 and 2027”

The US dominated the microgrid controller market in Americas in 2021 and is expected to continue its dominance by 2027. The growing deployment of sustainable energy sources to reduce the dependence on existing electricity networks is expected to positively impact the growth of the microgrid controller market in the country. Increasing investments in using clean energy sources for electricity generation are also fuelling the growth of the microgrid controller market. For instance, in February 2021, the United States House of Representatives introduced H.R.1512, the Climate Leadership and Environmental Action for its Nation’s Future Act. The CLEAN Future Act authorizes a total of USD 565 billion in spending over the next decade to reach decarbonization goals—specifically, to achieve net-zero greenhouse gas (GHG) emissions by 2050 and limit temperature increases to 1.5°C. H.R.1512’s budget includes several billions of dollars in microgrid funding.

A variety of executives from key organizations operating in the microgrid controller market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.
• By Company Type:Tier 1 = 55%, Tier 2 = 25%, and Tier 3 = 20%
• By Designation:C-level Executives = 45%, Directors = 30%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 25%
• By Region: Americas = 40%, Europe= 25%, APAC=20%, and ROW=15%

Schneider Electric (France), General Electric (US), ABB (Switzerland), Siemens (Germany), Schweitzer Engineering Laboratories (US), Eaton Corporation (Ireland), Honeywell International (US), Caterpillar Inc. (US), S&C Electric (US), and Power Analytics (US) are the key players in the microgridcontroller market. These top players have strong portfolios of products and services and a presence in both mature and emerging markets.

The study includes an in-depth competitive analysis of these key players in the microgrid controller market, with their company profiles, recent developments, and key market strategies.


Research Coverage
This report offers detailed insights into the microgrid controller market based on connectivity (grid connected, off-grid connected), offering (hardware, software, services), end-use application (commercial & industrial, remote areas, institutes & campuses, government, utilities, military, and healthcare), and region (Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW) which includes the Middle East and Africa (MEA) and Africa).
The report also provides a comprehensive review of microgrid controller market drivers, restraints, opportunities, and challenges in the market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying the Report

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the microgrid controller market and provides them information on key market drivers, restraints, challenges, and opportunities.

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Table of Contents

1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 DEFINITION AND SCOPE 29
1.2.1 INCLUSIONS AND EXCLUSIONS: OFFERING SEGMENT 30
1.2.2 INCLUSIONS AND EXCLUSIONS: OTHER SEGMENTS 30
1.3 STUDY SCOPE 31
1.3.1 MARKETS COVERED 31
FIGURE 1 MARKET SEGMENTATION 31
1.3.2 REGIONAL SCOPE 31
1.3.3 YEARS CONSIDERED 32
1.4 CURRENCY CONSIDERED 32
1.5 LIMITATIONS 32
1.6 STAKEHOLDERS 33
1.7 SUMMARY OF CHANGES 33
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 2 MICROGRID CONTROLLER MARKET: RESEARCH DESIGN 35
2.1.1 SECONDARY DATA 35
2.1.1.1 Major secondary sources 35
2.1.1.2 Key data from secondary sources 36
2.1.2 PRIMARY DATA 36
2.1.2.1 Breakdown of primaries 37
2.1.2.2 Key data from primary sources 37
2.1.3 SECONDARY AND PRIMARY RESEARCH 38
2.1.3.1 Key industry insights 38
2.2 MARKET SIZE ESTIMATION 39
2.2.1 BOTTOM-UP APPROACH 39
2.2.1.1 Approach for capturing market share by bottom-up analysis 39
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 39
2.2.1.2 Approach for capturing microgrid controller company-specific information 40
2.2.2 TOP-DOWN APPROACH 40
2.2.2.1 Approach for capturing market share by top-down analysis 40
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 40
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 41
FIGURE 5 DATA TRIANGULATION METHODOLOGY 41
2.4 GROWTH FORECAST ASSUMPTIONS 42
TABLE 1 MICROGRID CONTROLLER MARKET: KEY FORECAST ASSUMPTIONS 42
2.5 RESEARCH ASSUMPTIONS 43
FIGURE 6 KEY ASSUMPTIONS: MACRO- AND MICRO-ECONOMIC ENVIRONMENT 43
3 EXECUTIVE SUMMARY 44
FIGURE 7 MICROGRID CONTROLLER MARKET, 2018–2027 (USD MILLION) 45
FIGURE 8 GRID-CONNECTED SEGMENT TO RECORD HIGHER GROWTH RATE DURING FORECAST PERIOD 45
FIGURE 9 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2022–2027 46
FIGURE 10 MICROGRID CONTROLLERS FOR REMOTE AREAS TO HOLD LARGEST MARKET SHARE IN 2022 47
FIGURE 11 MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 48
4 PREMIUM INSIGHTS 49
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR KEY MARKET PLAYERS IN MICROGRID CONTROLLER MARKET 49
FIGURE 12 INCREASING NEED FOR RELIABLE, UNINTERRUPTED POWER SUPPLY TO DRIVE MARKET GROWTH 49
4.2 MICROGRID CONTROLLER MARKET, BY OFFERING 50
FIGURE 13 HARDWARE TO HOLD LARGEST MARKET SHARE BETWEEN 2022 AND 2027 50
4.3 MICROGRID CONTROLLER MARKET, BY CONNECTIVITY 50
FIGURE 14 GRID-CONNECTED MICROGRIDS TO ACCOUNT FOR LARGER MARKET SHARE FROM 2022 TO 2027 50
4.4 MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION 51
FIGURE 15 COMMERCIAL & INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD 51
5 MARKET OVERVIEW 52
5.1 INTRODUCTION 52
5.2 MARKET DYNAMICS 52
FIGURE 16 MICROGRID CONTROLLER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 52
5.2.1 DRIVERS 53
5.2.1.1 Decarbonization being increasingly emphasized by different end users and governments 53
FIGURE 17 GLOBAL SOLAR PV AND WIND INSTALLATIONS IN GIGAWATTS (GW),
2018–2027 54
FIGURE 18 GLOBAL INVESTMENTS IN CLEAN ENERGY AND ENERGY EFFICIENCY,
2018–2021 54
5.2.1.2 Optimization of energy assets and improved efficiency of microgrids using microgrid controllers 55
FIGURE 19 FUNCTIONS OF MICROGRID CONTROLLERS 55
5.2.1.3 Growing need for reliable, uninterrupted power supply 55
5.2.1.4 Surge in use of microgrids for rural electrification 56
 
5.2.2 RESTRAINTS 57
5.2.2.1 High cost of microgrid controllers 57
5.2.2.2 Dynamic government policies, regulations, and standards worldwide 57
5.2.3 OPPORTUNITIES 57
5.2.3.1 Increase in number of microgrid projects for different industries 57
5.2.3.2 Rise in energy demand and need for expansion of renewable energy in Asia Pacific 58
5.2.3.3 Growing investor interest in EaaS business model to minimize costs 58
TABLE 2 BUSINESS MODEL OF MAJOR COMPANIES IN MICROGRID ECOSYSTEM 59
5.2.3.4 Encouragement from governments to develop microgrid projects 59
5.2.3.5 Modernization of aging grid infrastructure 59
5.2.4 CHALLENGES 60
5.2.4.1 Interoperability and compatibility issues due to large number of components/devices 60
5.2.4.2 Operational, technological, and security risks associated with microgrids 60
5.3 VALUE CHAIN ANALYSIS 61
FIGURE 20 VALUE CHAIN ANALYSIS: MICROGRID CONTROLLER MARKET 61
5.4 MICROGRID CONTROLLER MARKET: ECOSYSTEM 62
TABLE 3 MICROGRID CONTROLLER MARKET: ECOSYSTEM 62
FIGURE 21 KEY PLAYERS IN MICROGRID CONTROLLER MARKET ECOSYSTEM 63
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 64
FIGURE 22 REVENUE SHIFT FOR MICROGRID CONTROLLER MARKET 64
5.6 KEY TECHNOLOGY TRENDS 65
5.6.1 BLOCKCHAIN-BASED MICROGRIDS/BLOCKCHAIN MICROGRIDS 65
5.6.2 SMART MICROGRIDS 65
5.6.3 ADVENT OF AI-BASED MICROGRIDS 65
5.7 PATENT ANALYSIS 65
FIGURE 23 NUMBER OF PATENTS GRANTED FOR MICROGRID CONTROLLER MARKET, 2011–2021 66
FIGURE 24 REGIONAL ANALYSIS OF PATENTS GRANTED FOR MICROGRIDS, 2011–2021 67
TABLE 4 LIST OF FEW PATENTS IN MICROGRID CONTROLLER MARKET, 2020–2022 67
5.8 KEY CONFERENCES AND EVENTS, 2022–2024 69
5.8.1 MICROGRID CONTROLLER MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 69
5.9 TARIFFS AND REGULATORY LANDSCAPE 73
5.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
TABLE 5 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
5.9.2 CODES AND STANDARDS RELATED TO MICROGRIDS 75
TABLE 6 CODES AND STANDARDS RELATED TO MICROGRIDS 75
 
6 MICROGRID CONTROLLER MARKET, BY CONNECTIVITY 76
6.1 INTRODUCTION 77
FIGURE 25 MICROGRID CONTROLLER MARKET, BY CONNECTIVITY 77
TABLE 7 MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 77
FIGURE 26 GRID-CONNECTED MICROGRIDS TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD 78
TABLE 8 MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 78
6.2 GRID-CONNECTED 79
6.2.1 EXPANSION OF UTILITY GRID TRANSMISSION LINES AND SURGE IN USE OF RENEWABLE POWER SOURCES 79
6.3 OFF-GRID 79
6.3.1 GROWING OFF-GRID SOLAR PROJECTS TO CREATE NEW MARKET OPPORTUNITIES 79
7 MICROGRID CONTROLLER MARKET, BY OFFERING 81
7.1 INTRODUCTION 82
FIGURE 27 MICROGRID CONTROLLER MARKET, BY OFFERING 82
TABLE 9 MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 82
FIGURE 28 SOFTWARE TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD 83
TABLE 10 MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 83
7.2 HARDWARE 83
7.2.1 HARDWARE IS CRUCIAL FOR MICROGRID CONTROLLERS 83
7.3 SOFTWARE 84
7.3.1 SOFTWARE HELPS IN OPTIMAL SCHEDULING AND MANAGEMENT OF MICROGRIDS 84
7.4 SERVICES 84
7.4.1 SERVICES INCLUDE CONSULTING, MAINTENANCE, AND TRAINING 84
8 MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION 86
8.1 INTRODUCTION 87
FIGURE 29 MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION 87
TABLE 11 MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2018–2021 (USD MILLION) 87
FIGURE 30 COMMERCIAL & INDUSTRIAL SEGMENT TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD 88
TABLE 12 MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2022–2027 (USD MILLION) 88
8.2 COMMERCIAL & INDUSTRIAL 89
8.2.1 REQUIREMENT FOR UNINTERRUPTED ELECTRICITY SUPPLY IN COMMERCIAL & INDUSTRIAL SECTOR 89
TABLE 13 COMMERCIAL & INDUSTRIAL: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION) 89
FIGURE 31 ASIA PACIFIC TO RECORD FASTEST GROWTH DURING FORECAST PERIOD FOR COMMERCIAL & INDUSTRIAL SEGMENT 90
TABLE 14 COMMERCIAL & INDUSTRIAL: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION) 90
8.3 REMOTE AREAS 91
8.3.1 SURGE IN DEPLOYMENT OF MICROGRIDS IN REMOTE AREAS DUE TO UNAVAILABILITY OF MAIN UTILITY GRID SYSTEMS 91
TABLE 15 REMOTE AREAS: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION) 91
FIGURE 32 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD FOR REMOTE AREAS SEGMENT 92
TABLE 16 REMOTE AREAS: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION) 92
8.4 MILITARY 93
8.4.1 WIDE USE OF MICROGRIDS FOR ENERGY SECURITY AND RESILIENCY 93
TABLE 17 MILITARY: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION) 93
FIGURE 33 MILITARY SEGMENT IN AMERICAS TO ACCOUNT FOR LARGEST SHARE IN 2022 94
TABLE 18 MILITARY: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION) 94
8.5 GOVERNMENT 95
8.5.1 DECLINE IN ELECTRICITY PRICES FROM RENEWABLE ENERGY SOURCES 95
TABLE 19 GOVERNMENT: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION) 95
TABLE 20 GOVERNMENT: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION) 95
8.6 UTILITIES 96
8.6.1 MICROGRIDS PROVIDE UTILITIES WITH LESS EXPENSIVE ALTERNATIVE 96
TABLE 21 UTILITIES: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION) 96
FIGURE 34 UTILITIES SEGMENT IN AMERICAS TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD 97
TABLE 22 UTILITIES: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION) 97
8.7 INSTITUTES & CAMPUSES 97
8.7.1 INCREASED ADOPTION OF MICROGRIDS TO ENSURE UNINTERRUPTED POWER SUPPLY 97
TABLE 23 INSTITUTES & CAMPUSES: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION) 98
TABLE 24 INSTITUTES & CAMPUSES: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION) 98
8.8 HEALTHCARE 99
8.8.1 HOSPITALS ADOPTING MICROGRIDS TO BOOST RESILIENCE AGAINST GRID INSTABILITY 99
TABLE 25 HEALTHCARE: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION) 99
TABLE 26 HEALTHCARE: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION) 100
9 MICROGRID CONTROLLER MARKET, BY REGION 101
9.1 INTRODUCTION 102
FIGURE 35 INDIA TO EXPERIENCE HIGHEST CAGR DURING FORECAST PERIOD 102
FIGURE 36 AMERICAS ACCOUNTED FOR LARGEST SHARE OF MICROGRID CONTROLLER MARKET IN 2022 103
TABLE 27 MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION) 103
TABLE 28 MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION) 103
TABLE 29 MICROGRID INSTALLED CAPACITY, BY REGION, 2018–2021 (MW) 104
TABLE 30 MICROGRID INSTALLED CAPACITY, BY REGION, 2022–2027 (MW) 104
9.2 AMERICAS 104
FIGURE 37 AMERICAS: MICROGRID CONTROLLER MARKET SNAPSHOT 105
TABLE 31 AMERICAS: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION) 106
TABLE 32 AMERICAS: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION) 106
TABLE 33 AMERICAS: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 106
TABLE 34 AMERICAS: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 106
TABLE 35 AMERICAS: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 107
TABLE 36 AMERICAS: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 107
TABLE 37 AMERICAS: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2018–2021 (USD MILLION) 107
TABLE 38 AMERICAS: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2022–2027 (USD MILLION) 108
9.2.1 NORTH AMERICA 108
TABLE 39 NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 108
TABLE 40 NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 109
TABLE 41 NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 109
TABLE 42 NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 109
TABLE 43 NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 109
TABLE 44 NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 110
TABLE 45 NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2018–2021 (USD MILLION) 110
TABLE 46 NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2022–2027 (USD MILLION) 110
 
9.2.1.1 US 111
9.2.1.1.1 Presence of key players and rising use of renewable energy sources 111
TABLE 47 MICROGRID PROJECTS IN US FROM 2018 TO 2020 112
TABLE 48 US: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 112
TABLE 49 US: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 113
TABLE 50 US: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 113
TABLE 51 US: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 113
9.2.1.2 Rest of North America 113
TABLE 52 REST OF NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 114
TABLE 53 REST OF NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 114
TABLE 54 REST OF NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 114
TABLE 55 REST OF NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 115
9.2.2 SOUTH AMERICA 115
TABLE 56 SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 115
TABLE 57 SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 116
TABLE 58 SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 116
TABLE 59 SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 116
TABLE 60 SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 116
TABLE 61 SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 117
TABLE 62 SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2018–2021 (USD MILLION) 117
TABLE 63 SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2022–2027 (USD MILLION) 117
9.2.2.1 Brazil 118
9.2.2.1.1 Brazil held largest size of microgrid controller market in South America in 2021 118
9.2.2.2 Rest of South America 118
9.3 EUROPE 118
FIGURE 38 EUROPE: MICROGRID CONTROLLER MARKET SNAPSHOT 119
TABLE 64 EUROPE: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 119
TABLE 65 EUROPE: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 120
TABLE 66 EUROPE: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 120
TABLE 67 EUROPE: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 120
TABLE 68 EUROPE: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 120
TABLE 69 EUROPE: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 121
TABLE 70 EUROPE: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2018–2021 (USD MILLION) 121
TABLE 71 EUROPE: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2022–2027 (USD MILLION) 121
TABLE 72 MICROGRID PROJECTS IN EUROPE FROM 2018 TO 2021 122
9.3.1 GERMANY 122
9.3.1.1 Surging adoption of microgrids due to government initiatives 122
TABLE 73 GERMANY: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 122
TABLE 74 GERMANY: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 123
TABLE 75 GERMANY: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 123
TABLE 76 GERMANY: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 123
9.3.2 FRANCE 123
9.3.2.1 Increasing government investments to promote adoption of microgrids 123
TABLE 77 FRANCE: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 124
TABLE 78 FRANCE: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 124
TABLE 79 FRANCE: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 124
TABLE 80 FRANCE: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 124
9.3.3 UK 125
9.3.3.1 Rising use of microgrids to reduce waste heat generated by traditional systems 125
TABLE 81 UK: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 125
TABLE 82 UK: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 125
TABLE 83 UK: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 125
TABLE 84 UK: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 126
9.3.4 REST OF EUROPE 126
TABLE 85 REST OF EUROPE: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 126
TABLE 86 REST OF EUROPE: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 126
TABLE 87 REST OF EUROPE: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 127
TABLE 88 REST OF EUROPE: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 127
9.4 ASIA PACIFIC 127
FIGURE 39 ASIA PACIFIC: MICROGRID CONTROLLER MARKET SNAPSHOT 128
TABLE 89 ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 129
TABLE 90 ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 129
TABLE 91 ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 129
TABLE 92 ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 130
TABLE 93 ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 130
TABLE 94 ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 130
TABLE 95 ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2018–2021 (USD MILLION) 131
TABLE 96 ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2022–2027 (USD MILLION) 131
9.4.1 CHINA 131
9.4.1.1 Increasing government initiatives to promote use of clean energy 131
TABLE 97 CHINA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 132
TABLE 98 CHINA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 132
TABLE 99 CHINA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 132
TABLE 100 CHINA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 133
9.4.2 JAPAN 133
9.4.2.1 Growing need for reliable power supply 133
TABLE 101 JAPAN: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 133
TABLE 102 JAPAN: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 133
TABLE 103 JAPAN: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 134
TABLE 104 JAPAN: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 134
 
9.4.3 AUSTRALIA 134
9.4.3.1 Rising shift to microgrids due to surging prices of traditional grid electricity 134
TABLE 105 AUSTRALIA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 135
TABLE 106 AUSTRALIA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 135
TABLE 107 AUSTRALIA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 135
TABLE 108 AUSTRALIA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 136
9.4.4 INDIA 136
9.4.4.1 India expected to adopt microgrids at higher rate due to various government initiatives 136
TABLE 109 INDIA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 137
TABLE 110 INDIA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 137
TABLE 111 INDIA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 137
TABLE 112 INDIA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 137
9.4.5 REST OF ASIA PACIFIC 138
TABLE 113 REST OF ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 138
TABLE 114 REST OF ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 138
TABLE 115 REST OF ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 138
TABLE 116 REST OF ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 139
9.5 ROW 139
TABLE 117 ROW: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION) 139
TABLE 118 ROW: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION) 139
TABLE 119 ROW: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 140
TABLE 120 ROW: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 140
TABLE 121 ROW: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 140
TABLE 122 ROW: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 140
TABLE 123 ROW: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2018–2021 (USD MILLION) 141
TABLE 124 ROW: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2022–2027 (USD MILLION) 141
 
9.5.1 MIDDLE EAST 141
9.5.1.1 Growth of healthcare sector and rising demand for reliable power supply 141
TABLE 125 MIDDLE EAST: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 142
TABLE 126 MIDDLE EAST: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 142
TABLE 127 MIDDLE EAST: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 142
TABLE 128 MIDDLE EAST: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 143
9.5.2 AFRICA 143
9.5.2.1 Surging number of microgrid projects due to various government initiatives 143
TABLE 129 AFRICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION) 143
TABLE 130 AFRICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION) 144
TABLE 131 AFRICA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION) 144
TABLE 132 AFRICA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION) 144
10 COMPETITIVE LANDSCAPE 145
10.1 INTRODUCTION 145
10.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN 145
TABLE 133 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN MICROGRID CONTROLLER MARKET 145
10.3 MARKET RANKING ANALYSIS, 2021 147
FIGURE 40 RANKING OF KEY PLAYERS IN MICROGRID CONTROLLER MARKET, 2021 147
10.4 KEY COMPANY EVALUATION QUADRANT, 2021 150
FIGURE 41 MICROGRID CONTROLLER MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2021 150
10.4.1 STARS 151
10.4.2 EMERGING LEADERS 151
10.4.3 PERVASIVE COMPANIES 151
10.4.4 PARTICIPANTS 151
10.5 RECENT DEVELOPMENTS 152
10.5.1 PRODUCT LAUNCHES 152
TABLE 134 PRODUCT LAUNCHES, 2018–2022 152
10.5.2 PARTNERSHIPS/COLLABORATIONS/AGREEMENTS 157
TABLE 135 PARTNERSHIPS/COLLABORATIONS/AGREEMENTS, 2018–2022 157
10.5.3 OTHERS 170
TABLE 136 OTHERS, 2018–2022 170
 
11 COMPANY PROFILES 172
(Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1 KEY PLAYERS 172
11.1.1 SCHNEIDER ELECTRIC 172
TABLE 137 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW 172
FIGURE 42 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 173
TABLE 138 SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 174
TABLE 139 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES 175
TABLE 140 SCHNEIDER ELECTRIC: DEALS 175
TABLE 141 SCHNEIDER ELECTRIC: OTHERS 176
11.1.2 GENERAL ELECTRIC 178
TABLE 142 GENERAL ELECTRIC: BUSINESS OVERVIEW 178
FIGURE 43 GENERAL ELECTRIC: COMPANY SNAPSHOT 179
TABLE 143 GENERAL ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 180
TABLE 144 GENERAL ELECTRIC: PRODUCT LAUNCHES 181
TABLE 145 GENERAL ELECTRIC: DEALS 182
TABLE 146 GENERAL ELECTRIC: OTHERS 185
11.1.3 ABB 186
TABLE 147 ABB: BUSINESS OVERVIEW 186
FIGURE 44 ABB: COMPANY SNAPSHOT 187
TABLE 148 ABB: PRODUCTS/SERVICES/SOLUTIONS OFFERED 187
TABLE 149 ABB: PRODUCT LAUNCHES 189
TABLE 150 ABB: DEALS 189
11.1.4 SIEMENS 192
TABLE 151 SIEMENS: BUSINESS OVERVIEW 192
FIGURE 45 SIEMENS: COMPANY SNAPSHOT 193
TABLE 152 SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 194
TABLE 153 SIEMENS: PRODUCT LAUNCHES 194
TABLE 154 SIEMENS: DEALS 195
11.1.5 EATON CORPORATION 200
TABLE 155 EATON CORPORATION: BUSINESS OVERVIEW 200
FIGURE 46 EATON CORPORATION: COMPANY SNAPSHOT 201
TABLE 156 EATON CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 202
TABLE 157 EATON CORPORATION: PRODUCT LAUNCHES 202
TABLE 158 EATON CORPORATION: DEALS 203
TABLE 159 EATON CORPORATION: OTHERS 206
11.1.6 SCHWEITZER ENGINEERING LABORATORIES 208
TABLE 160 SCHWEITZER ENGINEERING LABORATORIES: BUSINESS OVERVIEW 208
TABLE 161 SCHWEITZER ENGINEERING LABORATORIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED 209
TABLE 162 SCHWEITZER ENGINEERING LABORATORIES: PRODUCT LAUNCHES 209
TABLE 163 SCHWEITZER ENGINEERING LABORATORIES: OTHERS 210
11.1.7 HONEYWELL INTERNATIONAL INC. 211
TABLE 164 HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW 211
FIGURE 47 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 212
TABLE 165 HONEYWELL INTERNATIONAL INC.:
PRODUCTS/SERVICES/SOLUTIONS OFFERED 212
TABLE 166 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES 213
TABLE 167 HONEYWELL INTERNATIONAL INC.: DEALS 213
11.1.8 CATERPILLAR INC. 215
TABLE 168 CATERPILLAR INC.: BUSINESS OVERVIEW 215
FIGURE 48 CATERPILLAR INC.: COMPANY SNAPSHOT 216
TABLE 169 CATERPILLAR INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 216
11.1.9 S&C ELECTRIC COMPANY 217
TABLE 170 S&C ELECTRIC COMPANY: BUSINESS OVERVIEW 217
TABLE 171 S&C ELECTRIC COMPANY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 218
TABLE 172 S&C ELECTRIC COMPANY: PRODUCT LAUNCHES 219
TABLE 173 S&C ELECTRIC COMPANY: DEALS 220
TABLE 174 S&C ELECTRIC COMPANY: OTHERS 220
11.1.10 POWER ANALYTICS CORPORATION 221
TABLE 175 POWER ANALYTICS CORPORATION: BUSINESS OVERVIEW 221
TABLE 176 POWER ANALYTICS CORPORATION:
PRODUCTS/SERVICES/SOLUTIONS OFFERED 221
TABLE 177 POWER ANALYTICS CORPORATION: PRODUCT LAUNCHES 222
TABLE 178 POWER ANALYTICS CORPORATION: DEALS 223
*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
11.2 OTHER PLAYERS 224
11.2.1 CUMMINS INC. 224
11.2.2 TESLA ENERGY (SUBSIDIARY OF TESLA) 225
11.2.3 EMERSON ELECTRIC CO. 226
11.2.4 PRINCETON POWER SYSTEMS 227
11.2.5 SPIRAE LLC 227
11.2.6 HOMER ENERGY 228
11.2.7 HITACHI ENERGY 229
11.2.8 PARETO ENERGY 230
11.2.9 OPUS ONE SOLUTIONS 230
11.2.10 ENCORP 231
11.2.11 QINOUS 231
11.2.12 POWERHIVE 232
11.2.13 ADVANCED MICROGRID SOLUTIONS 232
11.2.14 GO ELECTRIC 233
11.2.15 GREEN ENERGY CORP 233
12 APPENDIX 234
12.1 INSIGHTS FROM INDUSTRY EXPERTS 234
12.2 DISCUSSION GUIDE 234
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 237
12.4 CUSTOMIZATION OPTIONS 239
12.5 RELATED REPORTS 239
12.6 AUTHOR DETAILS 240